Price of petrol forecast to increase in April

Price of petrol forecast to increase in April

Petrol users might have to fork out more money to fill up in April.

December fuel price outlook: good news if you have a diesel vehicle.
December fuel price outlook: good news if you have a diesel vehicle. Image: IOL

The Automobile Association predicts the price of petrol to go up by 25 cents a litre.


It would be fresh from a steep R1.27 increase in March.


The association says it expects decreases of 20 cents and 68 cents in the cost of diesel and illuminating paraffin, respectively.


READ:‘No formula’ for national shutdown, says Malema


It based its prediction on unaudited mid-month fuel data from the Central Energy Fund.


The AA's Layton Beard says a weaker rand to US dollar exchange rate is contributing to the increase in the petrol price.


"The weaker rand to US dollar exchange rate is contributing to the increases in petrol and clawing back some of the decreases to diesel and illuminating paraffin, with lower international oil prices having the reverse impact. 


"However, in the case of diesel and illuminating paraffin, the weaker rand is not resulting in increases." 



LISTEN TO more news Jacaranda
Jacaranda FM

MORE ON JACARANDA FM:


Show's Stories